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re: Props to the OT accountants

Posted on 10/23/23 at 8:48 pm to
Posted by Taffeta
Baton Rouge, LA
Member since Dec 2012
925 posts
Posted on 10/23/23 at 8:48 pm to
AED = LRC
Debit / Credit

Assets
Expenses
Dividends .. all increase with debit transactions

Liabilities
Revenue
Common Stock/Equities .. all increase with credit transactions
Posted by Sterling Archer
Austin
Member since Aug 2012
7364 posts
Posted on 10/23/23 at 9:18 pm to
quote:

AED = LRC


I’m a licensed CPA 5+ years in my accounting career and I still say this to myself
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